Bank Of America To Pay Freddie Mac $404M Over Sale Of Subprime Mortgage Loans

Bank Of America To Pay Freddie Mac $404M Over Sale Of Subprime Mortgage Loans

CHARLOTTE, N.C. - Bank of America Corp. announced on Dec. 2 that it has reached an agreement with Freddie Mac to pay $404 million "to resolve all remaining representations and warranties claims for residential mortgage loans sold to Freddie Mac through the end of 2009."

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